Indian equity indices open flat after two days of rally

Mumbai, Nov 18 (IANS) Key Indian equities indices opened flat on Wednesday in line with global cues, notably from the Asian peers and the Wall Street, as investors looked for some early profit-taking after two days of rally.

Against the previous close at 25,864.47 points, the sensitive index (Sensex) of the Bombay Sock Exchange (BSE) opened at 25837.71 points.

Immediately thereafter, it was ruling at 25,836.07 points, with a loss of 28.40 points (0.11 percent).

At the National Stock Exchange, the broader 50-share Nifty was ruling at 7,823.15 points, with a loss of 14.40 points (0.18 percent) over the previous close at 7,837.55 points.

On Tuesday, the Sensex gained 104.37 points (0.41 percent) while the Nifty was up 30.95 points (0.40 percent).

“The European markets surged on Tuesday, as investors shrugged off geopolitical concerns. Defence stocks were among the best performers after Friday’s terror attacks in Paris. Investors sentiment also received a boost from the stronger-than-expected German economic confidence report,” Angel Broking said in a pre-open analysis.

“But the US markets ended the session roughly flat after showing a substantial move to the upside in the previous session. The choppy trading on Wall Street came as traders expressed uncertainty about the market outlook following the terrorist attacks.”

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